Roman Butler Fullerton & Co. Boosts Holdings in Arista Networks, Inc. $ANET

Roman Butler Fullerton & Co. raised its position in Arista Networks, Inc. (NYSE:ANET) by 38.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,618 shares of the technology company’s stock after acquiring an additional 4,371 shares during the period. Roman Butler Fullerton & Co.’s holdings in Arista Networks were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kelleher Financial Advisors purchased a new stake in shares of Arista Networks during the 2nd quarter valued at $31,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks during the 4th quarter worth $28,000. Main Street Group LTD purchased a new position in Arista Networks during the 1st quarter worth $26,000. Finally, Quarry LP acquired a new position in Arista Networks during the 3rd quarter valued at about $33,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the sale, the director directly owned 184,333 shares of the company’s stock, valued at approximately $33,367,959.66. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total value of $119,364,428.17. Following the sale, the chief executive officer directly owned 25,000 shares in the company, valued at $5,203,250. This represents a 95.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,335,168 shares of company stock worth $798,637,629 over the last ninety days. 2.70% of the stock is owned by insiders.

Arista Networks Stock Up 1.6%

Shares of NYSE ANET opened at $202.05 on Tuesday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The business’s 50 day moving average price is $175.00 and its 200 day moving average price is $155.18. The firm has a market cap of $254.83 billion, a P/E ratio of 63.74, a P/E/G ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted $0.73 EPS. Arista Networks’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group reissued a “buy” rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research note on Friday, May 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $226.05.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.